The global automated sortation systems market size is expected to reach USD 7.05 billion by 2027, expanding at a CAGR of 5.2% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. The rising demand for automated sortation systems in the retail and e-commerce sector is fueling market growth. Surging the adoption of online shopping has led to an increase in the number of orders. Retailers are opting for automated solutions in their warehouse and distribution facilities for error-free operations and on-time delivery of ordered products.
The
growing espousal of automated sortation systems in post and parcel applications
is anticipated to propel the market growth over the forecast period. Major
companies such as DHL International GmbH and FedEx are investing heavily in
automating their distribution facilities and enhancing their service offerings.
For instance, in November 2018, DHL International GmbH announced the launch of
its new automated distribution center in New Jersey. The 200,000 sq. ft.
facility is equipped with a wide range of new automated sorting and scanning
technologies that enable high throughput.
The
market is comprised of a high degree of competition due to the presence of
numerous key players. Manufacturers are focusing on opting for various
inorganic growth strategies such as acquisitions, mergers, and geographical
expansion to leverage their market share and gain a competitive advantage. For
instance, in March 2020, Dematic announced that its parent organization KION
Group AG acquired Digital Applications International Limited, a U.K. based
software company that specializes in developing logistics automation solutions.
The acquisition was done to enhance Dematic’s intralogistics software offering.
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Automated
Sortation Systems Market Report Highlights
- The loop
sortation segment is projected to expand at the fastest CAGR exceeding 5%
over the forecast period owing to the increasing adoption in the food and
beverage industry.
- The retail
and e-commerce segment held the highest market share of 29.86% in 2019.
This share is due to the rising investments in warehouse automation
technologies by retailers such as Walmart and Amazon.com, Inc.
- Asia Pacific
is expected to expand at a CAGR exceeding 4% from 2020 to 2027. This surge
is attributed to the rising demand for automated sortation systems in
developing economies such as China and India
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Automated
Sortation Systems Market Segmentation
Grand View Research has
segmented the global automated sortation systems market on the basis of type,
end-use industry, and region:
Automated
Sortation Systems Type Outlook (Revenue, USD Million, 2016 - 2027)
- Linear Sortation
- Loop Sortation
Automated
Sortation Systems End-use Industry Outlook (Revenue, USD Million, 2016 - 2027)
- Retail & E-commerce
- Food & Beverages
- Transportation & Logistics
- Pharmaceutical
- Others
Automated
Sortation Systems Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- The Middle East & Africa
List of Key
Players of Automated Sortation Systems Market
- Bastian Solutions, Inc.
- Beumer Group Gmbh
- Daifuku Co. Ltd.
- Dematic (KION Group AG)
- Honeywell Intelligrated
- Interroll Holding AG
- KNAPP AG
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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